Fidelity National Information Services (FIS) posted stronger than expected Q1 2024 results, boosting the company's outlook and share repurchase commitments. The news sparked a one-year high with William Blair and Wedbush reiterating an Outperform rating. Its EPS beat industry estimates, and despite the stock performing weaker than its competitors on a particular Wednesday, FIS's value looks ready for a rebound. Price targets were raised by Evercore ISI, Susquehanna, and Royal Bank of Canada. Despite this, investors are cautioned about its stock performance which has reflected weak fundamentals in the past.
Fidelity National Information Services FIS News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Thu, 09 May 2024 11:41:19 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -3